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<br /> DEED OF TRUST
<br /> This Deed of Trust, hereinafter refened to as Security Instrument, is made on this 26"' day of `�
<br /> JANUARY, Z000. The Trustor, hereinafter referred to as Borrower, is MARLIN SUCK & LORETTA Q•
<br /> SUCK, Husband and Wife, whose address is KENESAW, NEBRASKA. The Trustee, hereinafter referred
<br /> to as Trustee is Adams County Bank. The Beneficiary, hereinafter refened to as Lender, is Adams County
<br /> Bank, which is organized and existing under the laws of the State of Nebraska, and whose address is Kenesaw,
<br /> County of Adams, State of Nebraska. Borrower owes Lender the principal sum of FIVE HUNDRED
<br /> THOUSAND and No/100---------------------Dollars ($500,000.00). This debt is evidenced by
<br /> Borrower's note dated the same date as this Security Instrument, hereinafter referred to as Note, with the full_
<br /> debt, if not paid earlier, due and payable on JANUARY 1, 2020. This Security Instrument secures to Lender:
<br /> (a)the repayment of the debt evidenced by Note(s),together with interest thereon, any further advances, and all
<br /> extensions, modification, substitutions, and renewals thereof; (b) the payment of all other sums, with interest,
<br /> advanced under Section Nine hereof to protect the security of this Security Instrument; and (c) the performance
<br /> of Bonower's covenants and agreements under this Security Instrument and the Note. For this purpose,
<br /> Borrower inevocably grants and conveys to Trustee, in trust, with Power of Sale, the following described real
<br /> estate:
<br /> THE SOUTHEAST QUARTER (SE1/4) OF SECTION THIRTY-FOUR (34), TOWNSHIP NINE (9)
<br /> NORTH,RANGE TWELVE (12)WEST OF THE 6�P.M.,HALL COUNTY,NERBASKA
<br /> which is located in HALL County and,Nebraska, having the address of Kenesaw, Nebraska and is hereinafter
<br /> refened to as"Property Address."
<br /> Together with all the improvements now or hereafter erected on the property and all easements, rights,
<br /> appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures
<br /> now or hereafter a part of the said property. All replacements and additions shall also be covered by this
<br /> Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property".
<br /> Borrawer covenants that Bonower is lawfully seized of the estate hereby conveyed and has the right to
<br /> grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br /> Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br /> any encumbrances of record. Borrower and Lender covenant and agree as follows:
<br /> L TRUST DEEDS ACT. That this Trust Deed shall be governed by the terms of Section 76-1001, and
<br /> following, of the Revised Statutes of the State of Nebraska,also known as the Nebraska Trust Deeds Act.
<br /> 2. PAYMENT. That the Borrower shall pay to the Beneficiary the principal and interest under the
<br /> terms of the Promissory Note(s}.
<br /> 3. TA�S. That the Bonower shall pay all general real estate taxes and special assessments levied ;
<br /> hereinai�er against the property when the same become due and before the same become delinquent.
<br /> 4. INSURANCE. That the Bonower shall insure the property against loss by fire, hazards, included
<br /> within the term "Extended Coverage" and any other hazards for which the Lender requires insurance in an
<br /> amaunt not less than N/A no/100--------------Dollars ($ 0,000.00) with a company qualified in the State of
<br /> Nebraska by a policy containing a clause for loss payable to the Beneficiary and the Borrower as their
<br /> respective interests exist at the time of the loss and to provide evidence of payrnent of the premium of said
<br /> policy upon reasonable demand by the beneficiary.
<br /> Unless Lender and Bonower otherwise agree in writing, insurance proceeds shall be applied to
<br /> restoration or repair of the Property damaged, if the restoration or repair is economically feasible and Lender's
<br /> security is not lessened, or the insurance proceeds shall be applied to the sums secured by this Security
<br /> Instrument, whether or not then due, with any excess paid to Bonower.
<br /> If Borrower abandons the Property, or does not answer within thirly(30) days a notice from Lender that
<br /> the insurance carrier has offered to settle a claim, then Lender may collect the insurance proceeds. Lender may
<br /> use the proceeds to repair or restore the Property or to pay sums secured by this Security Instrument, whether or
<br /> not then due. The thirty(30)day period will begin when the notice is given.
<br /> 5, WASTE. That the Borrower shall not commit or suffer any waste of the property.
<br /> 6. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall
<br /> give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
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